General Motors has reason to celebrate after the Chevrolet Corvette Stingray won the Car of the Year Award during the press preview day of the 2014 North American International Auto Show in Detroit. Chevrolet (a division of General Motors) swept both of the day’s major awards, with the Silverado pickup truck nabbing Truck of the Year honors.

In addition, Toyota surprised many at the Detroit auto show with its introduction of the FT-1 concept sports car, its “spiritual pace car” for the future that draws on a robust history of sports cars.

Today Ford unveiled their 50th anniversary edition of the Mustang. The release took place simultaneously in Dearborn, Michigan, in Manhattan on the Today Show and in Shanghai, China. It’s the 6th generation of the muscle car. “We wanted to make sure that, at first glance, you know it is a Mustang — but at the same time you know it is the next Mustang,” said Mark Fields, the automaker’s chief operating officer.